Fitch: Sun Hung unchanged

Fitch Ratings said that the charges laid against three senior executives of Sun Hung Kai Properties Ltd. (A/stable/F1) by Hong Kong's Independent Commission Against Corruption have no immediate impact on its ratings.

The agency said the charges are against the directors as individuals and not against the company. The company's day-to-day operations are managed by a team of professionals, and it has announced a plan that Fitch views would maintain current operations even if the directors charged are no longer able to discharge their duties.

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